Popular craft chain Joann files for Chapter 11 bankruptcy. Here's what that means
Joann, a once popular craft chain, has filed for voluntary Chapter 11 bankruptcy proceedings, according to a an announcement.
Popular restaurant chain owner files for Chapter 11 bankruptcy
The casual restaurant sector faced financial distress in 2024 with several major chains having no choice but to file for Chapter 11 bankruptcy protection to save their businesses from closing permanently.
Joann craft chain, with 11 NJ stores, files second bankruptcy in a year
Joann Fabrics announced it was declaring Chapter 11 bankruptcy for the second time within a 12-month period as it seeks a buyer to rescue the beleaguered chain. Chapter 11 bankruptcies provide businesses with some breathing room to get their finances in order without liquidating all their assets and effectively go out of business.
Joann files for bankruptcy for second time within a year, seeks to sell all assets
Joann, a fabric and craft retailer, announced it filed for bankruptcy for the second time within a year due to financial and inventory issues.
Popular sporting goods retailer files for Chapter 11 bankruptcy
Sporting goods retailers have battled to stay afloat after the Covid-19 pandemic rocked the nation, forcing retailers in most sectors to shut down operations for long periods in 2020. Aside from closing stores and reducing customer occupancy in stores to promote physical distancing measures,
Fabrics and crafts chain Joann seeks buyer, files for bankruptcy again
The specialty retail chain, which says it has $615 million in debt and just $8 million in cash, is seeking Chapter 11 protection for the second time in a year.
Craft supplies retailer Joann declares bankruptcy for the second time in a year
The craft supplies and fabric retailer Joann filed for bankruptcy for the second time in less than a year, as the chain wrestles with declining sales and inventory shortages, the company said Wednesday.
Major crafts retailer files for bankruptcy
Joann filed for Chapter 11 bankruptcy protection for the second time in less than a year as it contending with a difficult retail environment. The company is also trying to sell itself.
Joann Files For Bankruptcy, Second in Less Than a Year
Joann filed for bankruptcy, its second in less than a year as the company looks to maximize the value of its business.
Joann Chapter 11 Again Amid Asset Sale Fears Should No Buyer Be Found
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Commercial Chapter 11 Filings Increase 20 Percent in Calendar Year 2024
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